Mining drives Namibia’s economy, but job growth lags behind – AfDB
The African Development Bank (AfDB) says since the mining industry is very capital-intensive, its direct employment effect (1.7% in 2018) ...
Tag: economy
Namibia cautions against unrealistic expectations from oil discoveries
Minister of Mines and Energy, Tom Alweendo, says Namibia’s recent oil and gas discoveries in the Orange Basin will require ...
Unlocking opportunities for Namibians under the National Upstream Local Content Policy
By Mutindi Lydia Jacobs Cabinets approval of the National Upstream Petroleum Local Content Policy is being praised as a positive ...
Andrada invests N$402m in acquiring goods from Namibian suppliers
Andrada Mining Limited says it has invested N$402 million (£21 million) in Namibian suppliers, representing 95% of the company's total ...
Bank 0f Namibia warns of sustained diamond pressures beyond 2024
The Bank of Namibia (BoN) has warned that ongoing challenges in the mining sector, particularly the diamond industry, could extend ...
Husab Mine injects N$7.9bn into Namibian economy, creates over 6,000 jobs
Swakop Uranium says its Husab Mine contributed over N$7.9 billion to the Namibian economy last year through local procurement, taxes ...
Halliburton’s vendor initiative attracts 750 Namibian suppliers
Halliburton says its local supplier development initiative in Namibia has attracted significant interest, with more than 750 local vendors expressing ...
Namibia to leverage critical minerals and abundant renewable resources
Namibia is positioning itself as a key player in the green industrial revolution by capitalising on its rich deposits of ...
Anglo American pays N$11bn in taxes, economic contributions to Namibia
Anglo American’s total tax and economic contribution to Namibia reached US$611 million (N$11.11 billion) in 2023. This represents a slight ...
